BankThink

There's a better way to regulate small-dollar lending

12/04/19

Instead of imposing interest rate caps, policymakers should require online lenders to provide clear disclosures and promote partnerships with banks.

[more]

Regulators ease hemp banking rules; alternative credit checks get the nod

12/04/19

Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans.

[more]

The Navy commander behind the credit union banks love to hate

12/03/19

Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that.

[more]

What ongoing repo turmoil means for banks

12/03/19

Federal Reserve officials said they contained fallout from the rate spike in the repurchase agreement market, but the episode poses longer-term repercussions for liquidity rules, the transition to a new interest rate benchmark and other issues.

[more]

Two fintechs broaden banking ambitions

12/03/19

Wealthfront will add third-party mortgages to its investing platform, while Varo Money says robo advice and mortgages are in its long-term plans.

[more]

Regulators give wary nod to use of alternative data in underwriting

12/03/19

Alternative data "may improve the speed and accuracy of credit decisions and may help firms evaluate the creditworthiness of consumers," the agencies said.

[more]

Credit unions' bank buyout spree snags biggest fish yet

12/03/19

Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020.

[more]

FDIC's McWilliams 'inclined' to join OCC on CRA but still has concerns

12/03/19

Her comments signaled cooperation between the two agencies on a coming proposal to revamp the Community Reinvestment Act, but she raised questions about CRA assessment areas and developing a single compliance metric.

[more]

FDIC asks for feedback on its approach to cost-benefit analysis

12/03/19

The agency said it plans to make its cost-benefit process “more structured” and incorporate “a number of analytical practices identified in standard references.”

[more]

Atlantic Community in Pennsylvania taps next CEO

12/03/19

Craig Howie, who joined the bank after a merger, will succeed the retiring Jon Evans on Jan. 1.

[more]